SSE plc (OTCMKTS:SSEZY) Sees Large Decrease in Short Interest

SSE plc (OTCMKTS:SSEZY) was the recipient of a large drop in short interest in the month of November. As of November 15th, there was short interest totalling 900 shares, a drop of 71.0% from the October 31st total of 3,100 shares. Based on an average trading volume of 167,000 shares, the days-to-cover ratio is presently 0.0 days.

SSE Stock Up 1.6 %

OTCMKTS SSEZY traded up $0.34 during mid-day trading on Wednesday, hitting $22.08. The stock had a trading volume of 79,308 shares, compared to its average volume of 89,569. SSE has a twelve month low of $19.63 and a twelve month high of $27.01. The company has a quick ratio of 1.03, a current ratio of 1.10 and a debt-to-equity ratio of 0.68. The firm’s 50 day moving average is $23.77 and its 200 day moving average is $24.03.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on SSEZY shares. Barclays upgraded shares of SSE to a “strong-buy” rating in a research report on Monday, September 30th. Deutsche Bank Aktiengesellschaft assumed coverage on SSE in a report on Wednesday, October 2nd. They issued a “hold” rating on the stock. Finally, Citigroup cut SSE from a “hold” rating to a “strong sell” rating in a report on Friday, October 25th.

About SSE

SSE plc engages in the generation, transmission, distribution, and supply of electricity. It generates electricity from water, gas, coal, oil, and multi fuel. The company distributes electricity to approximately 3.8 million homes and businesses across the north of the central belt of Scotland and central southern England; and owns, operates, and develops high voltage electricity transmission system in the north of Scotland and remote islands.